Fraud Investigation Supervisor jobs in Maine

Androscoggin Bank, a local community leader, is seeking an experienced financial professional to join our team in our BSA/AML Fraud Analyst role. If you are committed to maintaining the highest standards of integrity and compliance, as well as preventing financial crimes, we want to talk to you today! If you are looking to use your skills while creating positive impacts for our clients, colleagues, and communities, this is the culture you've been seeking.

The BSA/AML & Fraud Analyst plays a critical role in preventing money laundering at its source and identifying fraud. They assist the BSA Officer with compliance monitoring reviews and other special projects to measure and understand the state of regulatory compliance within the organization. Their responsibilities include identifying suspicious activity, ensuring timely filings, and adherence to the Bank Secrecy Act/Anti-Money Laundering Compliance Program. This ensures the Bank has a high level of compliance with BSA/AML/OFAC related law and regulations, internal policies, procedures, and regulatory expectations. The incumbent in this position is required to have an in-depth knowledge and skills in all areas of BSA/AML/OFAC compliance. Serves as a Subject Matter Expert. Relies on experience and judgment to work independently and accomplish goals. The BS/AML and Fraud Analyst will collaborate with the Security Officer and other business lines, as necessary to investigate matters related to fraud. May assist the BSA Officer with more complex duties, as needed.

Essential Duties and Responsibilities:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals to perform the essential functions.

• Enhance, develop, implement and administer the BSA/AML/OFAC/USA PATRIOT Act monitoring systems to ensure that appropriate parameters and controls are in place to identify suspicious and/or fraudulent activity.
• Establish and maintain appropriate case/SAR investigation, review, and reporting processes that promote consistent decisions; adequate investigation and research; and complete and detailed documentation. Conduct secondary reviews as necessary, monitoring for accuracy and completeness.
• Conduct BSA/AML/OFAC risk assessments annually, or as needed, with consideration to products, services, clients, and geographies that may present risks.
• Establish and maintain an effective CDD/EDD risk rating and monitoring program to include initial and ongoing assessments, as well as review and analysis of unusual/suspicious activity.
• Establish and maintain appropriate case/SAR investigation, review, and reporting processes that promote consistent decisions; adequate investigation and research; and complete and detailed documentation.
• Conduct BSA/AML/OFAC risk assessments annually, or as needed, with consideration to products, services, clients, and geographies that may present risks.
• Assist with development and administration of BSA/AML/OFAC related training programs to Directors, Management and Employees and provide BSA guidance and coaching to all employees.
• Ensure all required regulatory reporting is conducted in a timely, accurate and compliant manner, including the filing of Currency Transaction Reports (CTRs), CTR Exemptions and Suspicious Activity Reports (SARs) to FinCEN, as well as 314(a) and 314(b) procedures and reporting.
• Conduct reviews of various customer transaction reports, such as, large cash transactions, wire transfer logs, suspect kiting reports, loan payoff reports, International ACH Transaction (IAT) reports and monetary instrument logs for accuracy, compliance and suspicious/fraudulent activity.
• Reconcile and e-file Currency Transaction Reports (CTRs). Ensure complete and accurate preparation as well as timely filing based on regulatory requirements.
• Perform due diligence reviews on CTR exempt clients and maintain CTR exemption list.
• Monitor and ensure appropriate and accurate completion of Customer Identification Program (CIP) and Customer Due Diligence (CDD) for all new clients on a monthly basis. Provide follow up communication with responsible personnel to assist in regulatory compliance.
• Monitor and ensure appropriate and accurate completion of Beneficial Ownership Certification for new commercial accounts/loans, as well as “triggering events”.
• Monitor OFAC and ensure lists are appropriately updated. Conduct transactional testing to ensure bank personnel are in compliance with OFAC regulatory requirements. Conduct functionality testing on OFAC software platforms to ensure accurate screenings.
• Review and resolve low, medium and high priority transaction alerts generated in the AML monitoring software, as well as OFAC and 314a alerts. Conduct and document thorough alert investigations in a timely fashion. Create case files in the AML monitoring software, as needed. Conduct further investigation, provide supporting documentation, and compose SAR narrative for review/approval by the BSA Officer, or designated department member. E-file SARs, as warranted.
• Collaborates with management, the Security Officer, key business partners and law enforcement to develop and execute plans for the resolution of a fraud case. Gathers, sorts and analyzes relevant documentation, evidence, and financial data to resolve of a fraud case and collect for suspicious activity reporting, as necessary.
• Conduct enhanced due diligence/high risk reviews as necessary.
• Maintain and update department procedures for BSA related duties.
• Conduct BSA training for Bank employees, as needed.
• Conduct alert quality assessment of alert parameters and alert definitions
• Act collaboratively with business partners to answer questions, and/or assist in arriving at the most effective and efficient resolution to comply with regulations and mitigate risk.
• Stay abreast of pertinent regulatory and compliance issues and ensure adherence with all banking related laws and regulations. Protect all customer information and institution assets and comply with privacy and acceptable use policies.
• Assume additional responsibilities as requested.

Qualifications:

Education and/or Experience

Bachelor's degree (B.A.) from four-year college or university or 7 years banking experience and/or training – preferably in a BSA/AML related position; or equivalent combination of education and experience. CAMS certification preferred. Experience with Fiserv programs preferred.

Other Qualifications:

• 5 years of experience in a BSA/AML role, including solid experience researching and filing SARs
• Ability to facilitate meetings with business line managers
• Strong analytical, evaluation, and communication (verbal and written) skills
• In-depth understanding of banking and fraud threats posed by financial crime activities
• In-depth knowledge of banking regulations, especially those related to BSA/AML/OFAC
• Ability to manage confidential information, materials and conversations
• Ability to perform detail oriented work with a high degree of accuracy.
• Proven ability to meet deadlines and complete work in a timely manner.
• Proficiency with multiple computer applications, specifically word processing, spreadsheet and database management software.